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Property profile & analytics
OFF-MARKET
Estimated value
$26,530,000
Apartment buildings
3707 Poinciana Dr 44 Santa Clara, CA 95051-2030
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-5165467
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
126,780 SF
Lot
6.6 ac (287,496 SF)
Zoning code
R1AB
APN
213-31-203
UPID
US09-5165467
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Santa Clara Limo Service Taxi Service Transportation Service
-
South Bay Taxi Courier Service
-
Riley Square Apartments Apartment Complex Apartment Building
-
Testing zero state General Contractor
-
Ocean International Trading International Trade Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.53M
Owner & transaction history
Essex Riley Square LP · 13 yrs held
Essex Riley Square LP
since 2012
6 recorded transactions
Zoning & alternative use
R1AB · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Clara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clara submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$39,960,000
6.5%
$36,890,000
7%
$34,255,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$40,250,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$26.53M
Range $23.88M – $29.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$209 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$46,436,291
Assessed 2024
Previous assessed
$45,513,048
+2.0% YoY
Assessed land
$24,266,391
Assessed improvement
$22,169,900
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
2
Units
156
Total area
126,780 SF
Lot
6.6 ac (287,496 SF)
Zoning code
R1AB
APN
213-31-203
UPID
US09-5165467
Jurisdiction
SANTA CLARA
Zoning & alternative use
R1AB · Santa Clara, CA
Zoning R1AB · permitted uses
R1AB · Santa Clara, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clara. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$40.3M
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
156
Lot
6.6 ac
Current owner
From public records · entity-resolved
Essex Riley Square LP
Entity
Mailing address
PO BOX 4747, OAK BROOK, IL 60522-4747
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2020
—
Essex Riley Square L P
—
Deed
related
$46,200,000 · Pnc Bank NA
Aug 31, 2012
$14,788,000
Essex Riley Square LP
Hunt Coml Rlty Ptrs III LP
Grant Deed
$17,500,000 · Us Bank NA Series 2011-k10 (ce
Aug 31, 2012
—
Coml Rlty Ptrs Hunt III
Ppc Wssc LLC
Grant Deed
—
Aug 31, 2012
$5,962,000
Essex Riley Square LP
Greenery Apartments LLC
Grant Deed
—
Jul 30, 2010
—
Ppc Wssc LLC
Greenery Apartments LLC
Grant Deed
$17,500,000 · Berkadia Commercial Mortgage LLC
—
—
Greenery Apartments LLC
—
Deed Of Trust
related
$18,196,000 · Arcs Commercial Mortgage Co LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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